Accelerating corporate governance reform
The LDP will accelerate corporate governance reform through such measures as tightening the definition of outside directors, mandatory adoption of multiple independent directors at listed companies, reviewing functions of statutory auditors and independent directors in appointing an external auditor, a more effective whistleblower system, a regulatory framework to discipline the relationship between a parent company and subsidiaries, a review of the audit firm and public accountant system, tougher penalties for misconduct and indemnification for those who voluntarily surrender; and
Fair and transparent financial markets
It is a foremost priority to restore investor confidence in the financial markets after the recent incidents of AIJ Investment Advisors and a series of insider dealings. To achieve fairer and more transparent financial markets, the LDP will strengthen financial inspection and monitoring via implementation of such measures as tougher regulations on insider trading, promotion of fixed-term recruitment of external talent (those with careers at financial institutions, etc) as financial inspectors, and further collaboration on investigations with overseas regulators.
LDP -政策集 – 2012
LDP- 政権公約 – 2012